Seccl launches digital SIPP for accumulation clients

Pensions powered 'with no paper, no post, no salespeople'

Julia Bahr
clock • 2 min read

Seccl has unveiled its own self-invested personal pension (SIPP), a digital pension solution built for Seccl-powered investment platforms.

The SIPP features an online application journey and provides ample client flexibility that allows end-investors to increase, reduce or pause contributions at any time, according to Seccl. It was built in six months, on the same cloud-based, API-first principles as the rest of Seccl's infrastructure to round off its core range of tax wrappers, the firm said. The Seccl SIPP is currently available only to accumulation clients - priced at 0.05% of pension portfolios, with drawdown functionality to follow early next year. The Octopus-owned custodian and platform tech provider said the s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Labour scrapping higher rate pensions tax relief is 'politically unlikely'

Labour scrapping higher rate pensions tax relief is 'politically unlikely'

Despite being ‘potentially lucrative’

Isabel Baxter
clock 30 September 2024 • 4 min read
Failed Hartley Pensions clients face months-long SIPP transfer document delays

Failed Hartley Pensions clients face months-long SIPP transfer document delays

Frustrated client notes that communications were promised from April to June

Isabel Baxter
clock 29 August 2024 • 3 min read
British Steel pensions transfer advice debacle in numbers

British Steel pensions transfer advice debacle in numbers

‘The FCA continues to pursue those who gave poor advice’

Isabel Baxter
clock 29 July 2024 • 3 min read